13-Unit Brick Apartment
For Sale
$1,175,000
3820 Walnut St, Kansas City, MO 64111
Three-story multifamily property with private balconies, off-street parking, and basement coin laundry.
Property Size7,866 SF
Price / SF$149.38
Days on Market47
Property Features for 3820 Walnut St
General Information
Standard status
Active
Size
7,866 SF
Class
B
Property subtype
Multifamily
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
12 x 1BR/1BA, 1 x studio
Multifamily Units
13
Amenities
private balconies
basement coin laundry
off-street parking
Building Details
Building Size
7,866 SF
Year Built
1923
Buildings
1
Stories
3
Units
13
Construction
brick
Listing Agency:
Clemons Real Estate
Listed By:
Quinn Hahs · License #MO #2022040834
(913) 481-5727
Source:
Clemonsrealestate
Added: Sep 6
Changed: Oct 8
Last Checked: Oct 20 at 6:13PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Clemons Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1923, this three-story brick apartment property at 3820 Walnut Street contains 13 units within 7,866 square feet. The unit mix includes twelve one-bedroom, one-bath apartments and one studio. Private balconies and updated vinyl windows add to the individual residences, while basement coin laundry is operated by Jetz under a renewed 5-year contract. Rear off-street parking is also included.
Electric service is individually metered and paid by residents. Gas, water, and trash are common utilities paid by ownership. The property is located in Kansas City’s Hanover Place neighborhood, near the KC Streetcar extension, Westport, and the Main Street corridor.
Electric service is individually metered and paid by residents. Gas, water, and trash are common utilities paid by ownership. The property is located in Kansas City’s Hanover Place neighborhood, near the KC Streetcar extension, Westport, and the Main Street corridor.
Key Highlights
- 13‑unit brick apartment building with 7,866 SF
- Unit mix includes twelve 1‑bedroom, 1‑bath units and one studio
- Three‑story building constructed in 1923
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,461
Cap Rate
7.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,689,220
$1.7M
Cap Rate 7%
$1,206,586
$1.2M
Cap Rate 9%
$938,456
$938.5K
Market Conditions
NOI Build-Up for 7,866 SF
Gross rent
$164.2K $20.88/SF
− Vacancy
−$10.7K −$1.36/SF
EGI
$153.6K $19.52/SF
− OpEx
−$69.1K −$8.79/SF
NOI
$84.5K $10.74/SF
Area
Kansas City, MO
Vacancy
6.50%
Lease Rate
$20.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,689,220
Cap Rate 7%
$1,206,586
Cap Rate 9%
$938,456
Alternative Uses
Best Use
Apartment 5plus
$1.21M
$1.06M – $1.41M
NOI $84,461 @ 7.0% cap · market cap 7.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.87M
$1.64M – $2.19M
NOI $131,152 @ 7.0% cap · market cap 11.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Lease Details
13
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,716
Businesses Nearby
Explore this area
Business Placement
Demographics for 64111, MO
17,112
Population
12,430
Households
1.4
Avg Household Size
33
Median Age
64%
College-Educated
96%
High-School Grad
2.7 sq mi
ZIP Area
6,338
Density / Sq Mi
$61,802
Median Household Income
$49,942
Median Earnings
$1,184
Median Rent
$269,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Three-story multifamily property with private balconies, off-street parking, and basement coin laundry.
Where is this apartment building located?
The property is located at 3820 Walnut St Kansas City, MO.
What is the asking price?
The asking price for this property is $1,175,000.
What are key features of this property?
This property features: 13‑unit brick apartment building with 7,866 SF; Unit mix includes twelve 1‑bedroom, 1‑bath units and one studio; Three‑story building constructed in 1923
